Saturday, August 17, 2019

Technical Analysis Aug 2019: GENTING (3182)


GENTING BERHAD 

Observation from Chart:-

GENTING retest RM5.91 support level ?

Will it rebound @ this strong support?

Other indicator:-
MACD at negative region, downtrend itinerary.
Stochastic %K pending trigger BUY call.

Immediate resistance @ RM6.25 level.
Subsequent resistance @ RM6.50 level.

Immediate support @ RM5.91 level.
If break this strong support, lower low is confirm. Downtrend will resume.

Let's watch closely.

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